Middle East: Container Market 2024

Container Market Size in the Middle East

The Middle Eastern container market skyrocketed to $X in 2022, with an increase of X% against the previous year. The total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Container Production in the Middle East

In value terms, container production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a resilient expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Container Exports

Exports in the Middle East

For the third consecutive year, the Middle East recorded growth in overseas shipments of tanks, casks, drums, cans, boxes and similar containers, which increased by X% to X units in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, container exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The shipments of the three major exporters of tanks, casks, drums, cans, boxes and similar containers, namely Turkey, the United Arab Emirates and Saudi Arabia, represented more than two-thirds of total export. It was distantly followed by Jordan (X units), creating an X% share of total exports. Kuwait (X units) and Iran (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Iran (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports. Jordan, Kuwait and Iran lagged somewhat behind, together accounting for a further X%.

Iran, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Container Imports

Imports in the Middle East

In 2022, supplies from abroad of tanks, casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the second consecutive year after four years of decline. In general, imports, however, continue to indicate a noticeable descent. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, container imports surged to $X in 2022. Over the period under review, imports, however, recorded a slight decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Oman (X units), Iraq (X units), Israel (X units), Yemen (X units), Turkey (X units), Palestine (X units), Jordan (X units) and Kuwait (X units) were the main importers of tanks, casks, drums, cans, boxes and similar containers, together creating X% of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Palestine (X%), Israel (X%), Jordan (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Oman and Yemen experienced a relatively flat trend pattern. By contrast, Kuwait (X%) and Iraq (X%) illustrated a downward trend over the same period. While the share of Palestine (X p.p.), Israel (X p.p.), Kuwait (X p.p.), Oman (X p.p.), Turkey (X p.p.), Jordan (X p.p.) and Yemen (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest container importing markets in the Middle East were the United Arab Emirates ($X), Israel ($X) and Turkey ($X), with a combined X% share of total imports. Palestine, Oman, Jordan, Iraq, Kuwait and Yemen lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Palestine, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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